Finance 2016-17 Institution: CUNY Brooklyn College (190549) User ID: 36C0029 Overview Finance Overview Purpose The purpose of the IPEDS Finance component is to collect basic financial information from items associated with the institution's General Purpose Financial Statements. There are a few new changes to the 2016-17 Finance data collection: •For all institutions, the expense matrix has been removed and expenses are collected by functional and natural classification categories separately, except for salaries and wages. •For GASB institutions, fields to collect deferred outflows and inflows of resources separately from current assets and liabilities to comply with GASB 63 have been added. Please review the new screens and survey materials carefully. Resources: To download the survey materials for this component: Survey Materials To access your prior year data submission for this component: Reported Data If you have questions about completing this survey, please contact the IPEDS Help Desk at 1-877-225-2568.
Transcript
Finance 2016-17Institution: CUNY Brooklyn College (190549)User ID: 36C0029
OverviewFinance Overview
Purpose The purpose of the IPEDS Finance component is to collect basic financial information from items associated with theinstitution's General Purpose Financial Statements.
There are a few new changes to the 2016-17 Finance data collection:
•For all institutions, the expense matrix has been removed and expenses are collected by functional and naturalclassification categories separately, except for salaries and wages.•For GASB institutions, fields to collect deferred outflows and inflows of resources separately from current assets andliabilities to comply with GASB 63 have been added.
Please review the new screens and survey materials carefully.
Resources:To download the survey materials for this component: Survey Materials
To access your prior year data submission for this component: Reported Data
If you have questions about completing this survey, please contact the IPEDS Help Desk at 1-877-225-2568.
Institution: CUNY Brooklyn College (190549)User ID: 36C0029
Finance - Public institutionsReporting Standard
Please indicate which reporting standards are used to prepare your financial statements: GASB (Governmental Accounting Standards Board), using standards of GASB 34 & 35
FASB (Financial Accounting Standards Board)
Please consult your business officer for the correct response before saving this screen. Your response to thisquestion will determine the forms you will receive for reporting finance data.
Institution: CUNY Brooklyn College (190549)User ID: 36C0029
Finance - Public institutionsGeneral Information
GASB-Reporting Institutions (aligned form)To the extent possible, the finance data requested in this report should be provided from your institution's auditedGeneral Purpose Financial Statements (GPFS). Please refer to the instructions specific to each screen of the survey fordetails and references.1. Fiscal Year CalendarThis report covers financial activities for the 12-month fiscal year: (The fiscal year reported should be the mostrecent fiscal year ending before October 1, 2016.)Beginning: month/year (MMYYYY) Month: 7 Year: 2015And ending: month/year (MMYYYY) Month: 6 Year: 20162. Audit OpinionDid your institution receive an unqualified opinion on its General Purpose Financial Statements from your auditor for thefiscal year noted above? (If your institution is audited only in combination with another entity, answer this question basedon the audit of that entity.) Unqualified Qualified
(Explain inbox below)
Don't know(Explain inbox below)
3. Reporting ModelGASB Statement No. 34 offers three alternative reporting models for special-purpose governments like colleges anduniversities. Which model is used by your institution? Business Type Activities
Governmental Activities
Governmental Activities with Business-Type Activities
4. Intercollegiate AthleticsIf your institution participates in intercollegiate athletics, are the expenses accounted for as auxiliary enterprises ortreated as student services? Auxiliary enterprises
Student services
Does not participate in intercollegiate athletics
Other (specify in box below)
5. Endowment AssetsDoes this institution or any of its foundations or other affiliated organizations own endowment assets ? No
Yes - (report endowment assets)
6. PensionDoes your institution include pension liabilities, expenses, and/or deferrals for one or more defined benefit pension plansin its General Purpose Financial Statements? No
Yes You may use the space below to provide context for the data you've reported above.
Institution: CUNY Brooklyn College (190549)User ID: 36C0029
Part A - Statement of Net Position Page 1Most recent fiscal year ending before October 2016
If your institution is a parent institution then the amounts reported in Parts A and D should include ALL of yourchild institutions
Line no. Current year amount Prior year amount
Assets 01 Total current assets 47,824,120 43,329,777
31 Depreciable capital assets, net of depreciation 259,622,935 268,300,63504 Other noncurrent assets
CV=[A05-A31] 127,557,513 117,909,472
05 Total noncurrent assets 387,180,448 386,210,107
06 Total assetsCV=(A01+A05)
435,004,568 429,539,884
19 Deferred outflows of resources 35,946,352 Liabilities
07 Long-term debt, current portion 3,880,969 6,301,89508 Other current liabilities
CV=(A09-A07) 39,738,500 36,681,922
09 Total current liabilities 43,619,469 42,983,817
10 Long-term debt 311,193,553 304,557,65411 Other noncurrent liabilities
CV=(A12-A10) 171,989,834 157,088,834
12 Total noncurrent liabilities 483,183,387 461,646,488
13 Total liabilitiesCV=(A09+A12)
526,802,856 504,630,305
20 Deferred inflows of resources 11,537,441 Net Position
14 Invested in capital assets, net of related debt 65,319,153 48,623,95215 Restricted-expendable 10,503,281 11,110,24816 Restricted-nonexpendable 36,459 36,20917 Unrestricted
CV=[A18-(A14+A15+A16)] -143,248,270 -134,860,830
18 Net positionCV=[(A06+A19)-(A13+A20)] -67,389,377 -75,090,421
You may use the space below to provide context for the data you've reported above.
Institution: CUNY Brooklyn College (190549)User ID: 36C0029
Part A - Statement of Net Position Page 2Most recent fiscal year ending before October 2016
Line No. Description Ending balance Prior year
Ending balance Capital Assets
21 Land and land improvements 24,179,895 44,635,46822 Infrastructure 50,251,832 426,401,63223 Buildings 427,645,737 40,583,40032 Equipment, including art and library collections 41,337,573 71,210,72027 Construction in progress 98,266,100 247,140,189
Total for Plant, Property and EquipmentCV = (A21+ .. A27)
641,681,137 829,971,409
28 Accumulated depreciation 263,392,992 820,55933 Intangible assets, net of accumulated amortization 820,559 034 Other capital assets 0 0
You may use the space below to provide context for the data you've reported above.
Institution: CUNY Brooklyn College (190549)User ID: 36C0029
Part D - Summary of Changes In Net PositionMost recent fiscal year ending before October 2016
If your institution is a parent institution then the amounts reported in Parts A and D should include ALL of yourchild institutions
LineNo.
Description Current yearamount
Prior yearamount
01 Total revenues and other additions for this institution AND all of its childinstitutions
306,724,464 278,292,282
02 Total expenses and deductions for this institution AND all of its child
institutions 299,023,420 273,736,940
03 Change in net position during year
CV=(D01-D02) 7,701,044 4,555,342
04 Net position beginning of year for this institution AND all of its childinstitutions
-75,090,421 -1,368,438
05 Adjustments to beginning net position and other gains or lossesCV=[D06-(D03+D04)]
0 -78,277,325
06 Net position end of year for this institution AND all of its childinstitutions (from A18)
-67,389,377 -75,090,421
You may use the space below to provide context for the data you've reported above.
Institution: CUNY Brooklyn College (190549)User ID: 36C0029
Part E - Scholarships and FellowshipsMost recent fiscal year ending before October 2016
DO NOT REPORT FEDERAL DIRECT STUDENT LOANS (FDSL) ANYWHERE IN THIS SECTION
LineNo.
Scholarships and Fellowships Current yearamount
Prior yearamount
01 Pell grants (federal) 34,789,327 34,204,30602 Other federal grants (Do NOT include FDSL amounts) 505,117 502,48903 Grants by state government 22,846,711 20,800,53404 Grants by local government 937,987 691,20005 Institutional grants from restricted resources 3,837,063 56,24106 Institutional grants from unrestricted resources
CV=[E07-(E01+...+E05)] 12,985,937 11,845,372
07 Total revenue that funds scholarships and fellowships 75,902,142 68,100,142 Discounts and Allowances
08 Discounts and allowances applied to tuition and fees 57,614,917 48,204,60709 Discounts and allowances applied to sales and services of
auxiliary enterprises 0 0
10 Total discounts and allowancesCV=(E08+E09)
57,614,917 48,204,607
11 Net scholarships and fellowships expenses after deducting
discounts and allowancesCV= (E07-E10) This amount will be carried forward to C10 of theexpense section.
18,287,225 19,895,535
You may use the space below to provide context for the data you've reported above.
Institution: CUNY Brooklyn College (190549)User ID: 36C0029
Part B - Revenues by Source (1)Most recent fiscal year ending before October 2016
Line No. Source of Funds Current year amount Prior year amount Operating Revenues
01 Tuition and fees, after deducting discounts & allowances 62,692,013 64,113,257 Grants and contracts - operating
02 Federal operating grants and contracts 8,307,110 8,009,88103 State operating grants and contracts 22,828,399 20,895,21504 Local government/private operating grants and contracts 8,247,601 6,151,962
04a Local government operating grants and contracts 4,170,418 2,763,412 04b Private operating grants and contracts 4,077,183 3,388,550
05 Sales and services of auxiliary enterprises,after deducting discounts and allowances
23,496 71,833
06 Sales and services of hospitals,after deducting patient contractual allowances
0 0
26 Sales and services of educational activities 0 007 Independent operations 0 008 Other sources - operating
CV=[B09-(B01+ ....+B07)] 3,649,126 3,976,289
09 Total operating revenues 105,747,745 103,218,437
Institution: CUNY Brooklyn College (190549)User ID: 36C0029
Part B - Revenues by Source (2)Most recent fiscal year ending before October 2016
LineNo.
Source of funds Current yearamount
Prior yearamount
Nonoperating Revenues 10 Federal appropriations 0 011 State appropriations 112,996,145 89,953,62112 Local appropriations, education district taxes, and similar support 937,987 0
Grants-nonoperating 13 Federal nonoperating grants Do NOT include Federal Direct Student
Loans 34,789,327 34,204,306
14 State nonoperating grants 0 015 Local government nonoperating grants 0 016 Gifts, including contributions from affiliated organizations 1,254,408 4,384,53517 Investment income 73,668 72,58718 Other nonoperating revenues
CV=[B19-(B10+...+B17)] 25,620,022 18,390,081
19 Total nonoperating revenues 175,671,557 147,005,13027 Total operating and nonoperating revenues
CV=[B19+B09] 281,419,302 250,223,567
28 12-month Student FTE from E12 14,148 13,81929 Total operating and nonoperating revenues per student FTE
CV=[B27/B28] 19,891 18,107
Institution: CUNY Brooklyn College (190549)User ID: 36C0029
Part B - Revenues by Source (3)Most recent fiscal year ending before October 2016
Line No. Source of funds Current year amount Prior year amount
Other Revenues and Additions 20 Capital appropriations 25,305,162 28,068,71521 Capital grants and gifts 0 022 Additions to permanent endowments 0 023 Other revenues and additions
CV=[B24-(B20+...+B22)] 0 0
24 Total other revenues and additionsCV=[B25-(B9+B19)]
25,305,162 28,068,715
25 Total all revenues and other additions 306,724,464 278,292,282
You may use the space below to provide context for the data you've reported above. CUNY doesn’t hold any permanent endowments. Resources Foundationswhich is a separate entity holds all the endowments.
Institution: CUNY Brooklyn College (190549)User ID: 36C0029
Part C-1 - Expenses by Functional ClassificationMost recent fiscal year ending before October 2016
Report Total Operating AND Nonoperating Expenses in this sectionLine No. Expense: Functional Classifications Total amount Prior Year
Total AmountSalaries and wages Prior Year
Salaries and wages (1) (2)
01 Instruction 164,267,301 145,269,193 89,172,879 74,000,12302 Research 12,455,514 11,960,394 3,941,544 2,808,86003 Public service 1,102,594 1,168,162 267,672 263,13405 Academic support 27,108,600 25,212,835 9,484,911 6,670,81306 Student services 30,601,540 28,736,227 16,233,104 13,996,27307 Institutional support 42,776,450 38,845,486 24,039,619 19,859,38310 Scholarships and fellowships expenses,
net of discounts and allowances(from Part E, line 11)
19 Total expenses and deductions 299,023,420 273,736,940 143,464,157 126,762,892
Institution: CUNY Brooklyn College (190549)User ID: 36C0029
Part C-2 - Expenses by Natural ClassificationMost recent fiscal year ending before October 2016
Line No. Expense: Natural Classifications Total Amount Prior year amount
19-2 Salaries and Wages(from Part C-1,Column 2 line 19) 143,464,157 126,762,89219-3 Benefits 73,282,162 59,723,20919-4 Operation and Maintenance of Plant (as a natural expense) 33,835,053 29,871,37319-5 Depreciation 16,811,745 16,629,42819-6 Interest 11,134,873 12,498,57919-7 Other Natural Expenses and Deductions
CV=[C19-1 - (C19-2 + ... + C19-6)] 20,495,430
19-1 Total Expenses and Deductions(from Part C-1, Line 19)
299,023,420 273,736,940
20-1 12-month Student FTE (from E12 survey) 14,148 13,81921-1 Total expenses and deductions per student FTE
CV=[C19-1/C20-1] 21,135 19,809
You may use the space below to provide context for the data you've reported above.
Institution: CUNY Brooklyn College (190549)User ID: 36C0029
Part M - Pension InformationMost recent fiscal year ending before October 2016
Line No. Description Current year amount Prior Year amount
01 Pension expense 15,495,937 8,059,876 02 Net Pension liability 91,451,183 68,400,880 03 Deferred inflows related to pension 11,537,441 15,667,236 04 Deferred outflows related to pension 25,707,941 8,926,283
You may use the space below to provide context for the data you've reported above.
Institution: CUNY Brooklyn College (190549)User ID: 36C0029
Part H - Details of Endowment AssetsMost recent fiscal year ending before October 2016
LineNo.
Value of Endowment Assets MarketValue
Prior YearAmounts
Include not only endowment assets held by the institution, but any assets held byprivate foundations affiliated with the institution.
01 Value of endowment assets at the beginning of the fiscal year 72,849,694 76,433,20602 Value of endowment assets at the end of the fiscal year 80,405,444 72,849,694
You may use the space below to provide context for the data you've reported above.
Institution: CUNY Brooklyn College (190549)User ID: 36C0029
Part J - Revenue Data for the Census BureauMost recent fiscal year ending before October 2016
Source and type AmountTotal for all fundsand operations
(includesendowment
funds,but excludes
component units)
Education andgeneral/independent
operations
Auxiliaryenterprises
Hospitals Agricultureextension/experiment
services
(1) (2) (3) (4) (5)01Tuition and fees 120,306,930 120,306,930 02Sales and services 23,496 0 23,496 0 003Federal
grants/contracts(excludes Pell Grants)
8,307,110 8,307,110 0 0 0
Revenue from the state government:04State appropriations,
current & capital 138,301,307 138,301,307 0 0 0
05State grants andcontracts
22,828,399 22,828,399 0 0 0
Revenue from local governments:06Local appropriation,
current & capital 937,987 937,987 0 0 0
07Local governmentgrants/contracts
4,170,418 4,170,418 0 0 0
08Receipts from propertyand non-propertytaxes
0
09Gifts and privategrants,NOT including capitalgrants
5,331,591
10Interest earnings 73,668 11Dividend earnings 0 12Realized capital gains 28,855 You may use the space below to provide context for the data you've reported above.
Institution: CUNY Brooklyn College (190549)User ID: 36C0029
Part K - Expenditure Data for the Census BureauMost recent fiscal year ending before October 2016
Category Total for all funds and operations (includesendowment funds,
but excludes componentunits)
Education andgeneral/
independentoperations
Auxiliaryenterprises
Hospitals Agricultureextension/experiment
services
(1) (2) (3) (4) (5)02Employee benefits, total 73,282,162 73,282,162 0 0 003Payment to state retirement funds
(maybe included in line 02 above) 0 0 0 0 0
04Current expenditures includingsalaries
218,954,523 218,954,523 0 0 0
Capital outlays 05Construction 29,089,420 29,089,420 0 0 006Equipment purchases 1,791,423 1,791,423 0 0 007Land purchases 0 0 0 0 008Interest on debt outstanding, all
funds and activities 0
You may use the space below to provide context for the data you've reported above.
Institution: CUNY Brooklyn College (190549)User ID: 36C0029
Part L - Debt and Assets for Census Bureau, page 1Most recent fiscal year ending before October 2016
DebtCategory Amount01 Long-term debt outstanding at beginning of fiscal year 002 Long-term debt issued during fiscal year 003 Long-term debt retired during fiscal year 004 Long-term debt outstanding at end of fiscal year 005 Short-term debt outstanding at beginning of fiscal year 006 Short-term debt outstanding at end of fiscal year 0
You may use the space below to provide context for the data you've reported above.
Institution: CUNY Brooklyn College (190549)User ID: 36C0029
Part L - Debt and Assets for Census Bureau, page 2Most recent fiscal year ending before October 2016
AssetsCategory Amount07 Total cash and security assets held at end of fiscal year in sinking or debt service funds 008 Total cash and security assets held at end of fiscal year in bond funds 009 Total cash and security assets held at end of fiscal year in all other funds 0 You may use the space below to provide context for the data you've reported above.
Institution: CUNY Brooklyn College (190549)User ID: 36C0029
Prepared by This survey component was prepared by: Keyholder SFA Contact HR Contact
Finance Contact Academic Library Contact Other
Name: Email: How long did it take to prepare thissurvey component?
hours minutes
The name of the preparer is being collected so that we can follow up with the appropriate person in the event that thereare questions concerning the data. The Keyholder will be copied on all email correspondence to other preparers.The time it took to prepare this component is being collected so that we can continue to improve our estimate of thereporting burden associated with IPEDS. Please include in your estimate the time it took for you to review instructions,query and search data sources, complete and review the component, and submit the data through the Data CollectionSystem.Thank you for your assistance.
Institution: CUNY Brooklyn College (190549) User ID: 36C0029Summary
Finance Survey Summary
IPEDS collects important information regarding your institution. All data reported in IPEDSsurvey components become available in the IPEDS Data Center and appear as aggregated datain various Department of Education reports. Additionally, some of the reported data appearsspecifically for your institution through the College Navigator website and is included in yourinstitution’s Data Feedback Report (DFR). The purpose of this summary is to provide you anopportunity to view some of the data that, when accepted through the IPEDS quality controlprocess, will appear on the College Navigator website and/or your DFR. College Navigator isupdated approximately three months after the data collection period closes and Data FeedbackReports will be available through the Data Center and sent to your institution’s CEO inNovember 2016.
Please review your data for accuracy. If you have questions about the data displayed belowafter reviewing the data reported on the survey screens, please contact the IPEDS Help Desk at:1-877-225-2568 or [email protected].
Core Revenues
Revenue Source Reported values Percent of total corerevenues
Core revenues per FTEenrollment
Tuition and fees $62,692,013 20% $4,431
State appropriations $112,996,145 37% $7,987
Local appropriations $937,987 0% $66
Government grants and contracts $70,095,254 23% $4,954
Private gifts, grants, and contracts $5,331,591 2% $377
Investment income $73,668 0% $5
Other core revenues $54,574,310 18% $3,857
Total core revenues $306,700,968 100% $21,678
Total revenues $306,724,464 $21,680
Other core revenues include federal appropriations; sales and services of educational activities; other operating andnonoperating sources; and other revenues and additions (e.g., capital appropriations, capital grants and gifts, etc.). Corerevenues exclude revenues from auxiliary enterprises (e.g., bookstores, dormitories), hospitals, and independent operations.For institutions reporting in Full parent/child relationships, core revenues per FTE enrollment amounts will not be allocated tochild institutions.
Core Expenses
Expense function Reported values Percent of total coreexpenses
Core expenses per FTEenrollment
Instruction $164,267,301 55% $11,611
Research $12,455,514 4% $880
Public service $1,102,594 0% $78
Academic support $27,108,600 9% $1,916
Institutional support $42,776,450 14% $3,023
Student services $30,601,540 10% $2,163
Other core expenses $18,887,181 6% $1,335
Total core expenses $297,199,180 100% $21,006
Total expenses $299,023,420 $21,135
Other core expenses include scholarships and fellowships, net of discounts and allowances, and other expenses. Core expensesexclude expenses from auxiliary enterprises (e.g., bookstores, dormitories), hospitals, and independent operations. Forinstitutions reporting in Full parent/child relationships, core expenses per FTE enrollment amounts will not be allocated to childinstitutions.
The full-time equivalent (FTE) enrollment used in this report is the sum of the institution’s FTE undergraduate enrollment andFTE graduate enrollment (as calculated from or reported on the 12-month Enrollment component). FTE is estimated using 12-month instructional activity (credit and/or contact hours). All doctor’s degree students are reported as graduate students.
Institution: CUNY Brooklyn College (190549) User ID: 36C0029Edit Report
Finance
CUNY Brooklyn College (190549)
Source Description Severity Resolved OptionsScreen: Statement of net position (1)
UploadFile
The value of this field is expected to be greater than zero. Pleasecorrect your data or explain. (Error #5148)
Explanation Yes
Reason: Other than the operation result, the unrestricted net assets in deficit is primarily attributable to recording: 1) the liabilitiesfor other post-employment benefits (OPEB) to employees in accordance with GASB Statement No. 45 Accounting andFinancial Reporting by Employers for Post-employment Benefits Other Than Pensions, and 2) the liabilities for Pension inaccordance GASB 68 Pension.
UploadFile
The amount of total net assets is not expected to be negative.Please correct your data or explain why total liabilities (line 13)exceed total assets (line 06). (Error #5156)
Explanation Yes
Reason: Other than the operation result, the unrestricted net assets in deficit is primarily attributable to recording: 1) the liabilitiesfor other post-employment benefits (OPEB) to employees in accordance with GASB Statement No. 45 Accounting andFinancial Reporting by Employers for Post-employment Benefits Other Than Pensions, and 2) the liabilities for Pension inaccordance GASB 68 Pension.
Screen: Revenues Part 3Perform
EditsThe amount of additions to permanent endowments reported inPart B (line 22) should not be zero or blank. Please confirm thatthe data reported are correct. (Error #5231)
Confirmation Yes
RelatedScreens:
Revenues Part 3
Screen: PensionScreenEntry
The value is outside the expected range. Please correct yourdata or explain. (Error #5280)
Explanation Yes
Reason: Increased in pension expenses due to cost adjustments to reflect experience changes, announced rate increases for thepre-Medicare trend rate for Health Insurance Plan (HIP) and other health maintenance organization (HMO) arrangements,including an age adjustment applied to the cost of other HMO’s previously assumed to be community rated, and anadjustment to the Welfare Fund contribution rates resulting from the recent contract settlement negotiations.
